Murphy Oil Corporation (NYSE:MUR) has been given a $32.00 price target by equities research analysts at Scotiabank in a research report issued to clients and investors on Tuesday, May 16th. The firm presently has a “hold” rating on the oil and gas producer’s stock. Scotiabank’s price target points to a potential upside of 26.18% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Credit Suisse Group cut their price target on Murphy Oil Corporation from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Monday, May 15th. Royal Bank of Canada set a $32.00 price target on Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Simmons upped their price target on Murphy Oil Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Barclays PLC upped their price target on Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.89.
Murphy Oil Corporation (NYSE MUR) traded up 4.23% during trading on Tuesday, reaching $25.36. 5,663,078 shares of the company’s stock were exchanged. Murphy Oil Corporation has a 52 week low of $23.61 and a 52 week high of $35.19. The stock’s market capitalization is $4.38 billion. The stock has a 50-day moving average of $25.66 and a 200-day moving average of $28.50.
Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Murphy Oil Corporation had a negative return on equity of 2.61% and a negative net margin of 0.89%. The company had revenue of $544.70 million for the quarter, compared to analysts’ expectations of $529.61 million. During the same quarter last year, the company earned ($0.66) EPS. Murphy Oil Corporation’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, equities research analysts anticipate that Murphy Oil Corporation will post $0.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, May 11th. Murphy Oil Corporation’s payout ratio is -999.90%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Murphy Oil Corporation during the first quarter worth $111,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Murphy Oil Corporation during the fourth quarter worth $171,000. Jacobi Capital Management LLC boosted its position in shares of Murphy Oil Corporation by 17.9% in the third quarter. Jacobi Capital Management LLC now owns 6,558 shares of the oil and gas producer’s stock worth $196,000 after buying an additional 997 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Murphy Oil Corporation during the first quarter worth $208,000. Institutional investors and hedge funds own 96.55% of the company’s stock.
About Murphy Oil Corporation
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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